After three consecutive money-losing years, the German lender disclosed Friday that employees will get €2.2 billion in variable pay for 2017, in addition to their fixed salaries. That is more than quadruple ...

Buyout group Providence is moving ahead with plans to pull out of German home shopping TV network HSE24, which it plans to sell or float on the Frankfurt stock exchange before the summer, several people close to matter said. Suitors including private equity firms Advent, Apax, BC Partners, Cinven and PAI are expected to hand in tentative bids worth around 1.5 billion euros ($1.85 billion) by a pre-Easter deadline, they added. HSE24 is expected to post earnings before interest, tax, depreciation and amortisation (EBITDA) of 140 million euros this year and may be valued at 11-12 ...

FRANKFURT/DUESSELDORF (Reuters) - German utility E.ON (EONGn.DE) is emerging as an investor favourite following a major asset swap deal with rival RWE (RWEG.DE) this week, with its eye-popping share of regulated profits outshining RWE's riskier bet on renewables. Following the deal, announced on Sunday, shares in both companies soared, as did those in RWE's networks and renewables business Innogy (IGY.DE), which will be broken up as part of the deal and whose assets will split among E.ON and RWE. "E.ON is the winner," said Thomas Hechtfischer, managing director of shareholder advisory group ...

The new CEO of Germany's T-Systems, the struggling IT services arm of Deutsche Telekom (DTEGn.DE), is a man in a hurry, giving himself just 1-2 years to change the business's fortunes. Since taking over on Jan. 1, American Adel Al-Saleh has already restructured the sales team and is creating a digital unit at the 7 billion euro ($8.6 billion) company to help clients better utilise cloud services, run networks of connected devices and optimise data security. T-Systems has for years been the problem child of Europe's largest telecoms group, which like rivals BT (BT.L) and Orange (ORAN.PA) ...

Deutsche Bank (DBKGn.DE) paid bonuses worth 2.3 billion euros ($2.83 billion) for 2017, four times higher than the previous year even as the German lender warned on costs for 2018 and reported a bigger 2017 loss than previously disclosed. Germany's flagship lender said on Friday that its top 12 managers would forego payouts for 2017 after the bank said it lost 735 million euros, the third annual loss in a row and more than the 497 million euros it had reported in February. The bank, which distributed 546 million euros in bonuses in 2016, also said its cost-cutting plans were hitting ...

Deutsche Bank reveals it paid bonuses worth 2.3 billion euros for 2017, four times higher than the previous year even as the German lender warned on costs for 2018 and reported a bigger 2017 loss than previously disclosed. Silvia Antonioli reports.

Deutsche Bank awarded nearly $3 billion in bonuses last year despite the Germany lender's third straight annual loss and a $9 billion capital injection that followed a $7.2 billion fine paid to the U.S. ...

Bonuses at Deutsche Bank in 2017 more than quadrupled to €2.2bn while Germany's largest lender reported the third annual post-tax loss in a row. Chief executive John Cryan and the other members of the ...

Deutsche Bank ’s bonus pool for 2017 more than quadrupled to €2.2bn while Germany's largest lender on Friday revealed that its post-tax loss for the full year is 48 per cent bigger than reported in early ...

A U.S. judge on Thursday dismissed a lawsuit against 16 big banks by retail foreign currency investors who claimed they were indirectly harmed by a conspiracy to rig prices. U.S. District Judge Lorna Schofield in Manhattan said the investors failed to show they had legal standing to pursue antitrust claims, or that the banks' alleged conspiracy in the $5.1-trillion-a-day currency market was the proximate cause of their losses. The plaintiffs claimed they were injured by having bought currencies from dealers that did not rig prices, but which passed on the costs of the conspiracy.

Labour unions want to move quickly to commit energy groups E.ON (EONGn.DE) and RWE (RWEG.DE) to avoiding forced redundancies in the planned break-up of RWE's networks and renewables unit Innogy (IGY.DE), a board member of the Verdi union said. "We will now call for the ban of forced layoffs," Andreas Scheidt, who also serves as deputy chairman of E.ON's supervisory board, told Reuters. E.ON and RWE earlier this week announced the plans that will see them beef up their own businesses with parts of Innogy in one of Germany's largest-ever utility deals.

Germany’s financial watchdog Bafin is threatening to mete out a fine of €1.15m to Steinhoff International if the struggling South African furniture retail conglomerate does not publish its financial report ...

Moody's Investors Service (Moody's) has today placed on review for downgrade the Baa2 senior unsecured ratings of E.ON SE (EON) and its guaranteed subsidiary, E.ON International Finance B.V.. The group's ...